Tuesday, November 10, 2015

"The world is bankrupt after thirty years of borrowing from the future to throw a party in the present, and the authorities can’t acknowledge that."

What you won't see Greensboro's News and Record report;

"...But they can provide the conditions for disguising it, especially in the statistical hall of mirrors that once-upon-a-time produced meaningful signals for the movement of capital.

The data in the chart above is from Bloomberg 
yet the story has remained unreported in main stream news

Instead of reality-based choices and decisions, the task at hand for the people in charge has been the ever more baroque elaboration of a Potemkin economic false-front, behind which lies a landscape of ruin scavenged by desperate racketeers. That this racketeering has moved so seamlessly into the once-sacred precincts of medicine and higher ed ought to inform us how desperate and perilous it has become.

Greensboro's Press creates and disseminates 
"Potemkin villages" through print and television

...I suspect the sentiment that reigns now is about nothing more than getting through the holiday season without a financial accident.

...this phony baloney economy can’t withstand even a measly quarter-point benchmark interest rate hike. For one thing, it would blow up the operating models of Fannie Mae and Freddie Mac, the buyers of home mortgages who are keeping the construction industry on life support...

...The economic picture manufactured by the national consensus trance has never been more out of touch with reality in my lifetime...

Incoherence reigns, especially in the circles ruled by those who guard the status quo, which includes the failing legacy news media.

It doesn't matter what actually is
as long as most don't know,
until most do

The rising tensions between the US, Russia, China, and the Euro Union grew out of monetary mischief “innovated” by our central bank, especially the shenanigans around debt monetization, which have created dangerous distortions in markets, trade, and perceptions of national interest. Nations are rattling sabers at one another and bluster is in the air. The world is bankrupt after thirty years of borrowing from the future to throw a party in the present, and the authorities can’t acknowledge that.

Say Yes to Education, Inc. (Say Yes), and Say Yes Guilford appears to be a legal Ponzi scheme and/or a Racket


Greensboro's elite, government and elected leadership is maintaining power via monetary heroin


The only way a system that looks like this could be kept running is by issuing more debt.


Devin King after a hard fought effort to have a letter to the editor submitted to the News and Record; "Candidate opposes ‘parasitic interests’"




Economic, Monetary and Political Must Reads


Martenson, Smith, Noland and Reid and Janszen on the popping bubble that will transform Greensboro and North Carolina's near term future


Abner Doon's Roy Carroll and Marty Kotis Real Estate Top Call Fully in Tact, Just Like Centerpointe in 2008


Black Swan; "Chinese Coal Company Fires 100,000"


Lumber, Greensboro's News and Record's Editorial Board and a little economic reality behind the curtain


The following censorship instructions issued to local media organizations, has been leaked, distributed and adapted online.